Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 220.39

-2.3%

11:44 AM EST

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To: grogger who wrote (5352)	2/5/1998 9:19:00 AM
From: Wheats	Read Replies (3) of 19079

It certainly was oversold the day it dropped 10 points, but that doesn't mean that a stock can't become more oversold. There are patterns to look for in the various indicators once a stock has made a significant drop to indicate a bottom, and the indicators usually do not agree; it takes experience to determine which ones to give more weight. Stocks usually do not bottom on the day of a big drop; it usually takes a couple of weeks or longer. ORCL has been consolidating the last few days as Tech Master and I suggested might happen. It may now be ready to resume the uptrend. Regarding analysts, I regard them as historians, as they frequently upgrade or downgrade on the days of the moves prior to the openings -- I think I could do that.

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